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There has long been speculation about how many users Twitter actually has, because there was no concrete number about how many accounts were inactive or fake. The New York Times reported this year that 20 million, or about 4%, of Twitter's users are, in fact, fraudulent. Fake accounts are often made by companies who sell new followers to advertisers that want to build large follower populations quickly. Well, the mystery is officially solved. According to Twitter's S-1 filing this afternoon, we see that the company estimates that less than 5% of its monthly active users are fake.
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